Midday update for the GBPUSD 12-02-2021
The GBPUSD pair continues to crawl downwards to approach the bullish channel’s support line, and as long as the price is above 1.3745, our bullish overview will remain valid, as breaking this level will press on the price to turn to decline on the intraday basis and head towards areas that might reach 1.3540, while the next main target of the expected bullish wave is located at 1.3965.
The expected trading range for today is between 1.3720 support and 1.3900 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 12-02-2021
The EURUSD pair trades negatively now to test the EMA50, and it might continue the decline to test the key support 1.2064 before turning back to rise again.
Until now, the bullish trend scenario still active as long as the mentioned support remains intact, reminding you that our main waited targets begin at 1.2173 and extend to 1.2300.
The expected trading range for today is between 1.2065 support and 1.2220 resistance.
The expected trend for today: Bullish
The EURGBP holds above the support – Analysis – 12-2-2021
The EURGBP pair ended its recent negative attack by facing 0.8730 support line, to form strong obstacle against the negative trades and force the price to start bouncing positively as appears on the chart.
Also, stochastic begin to provide the positive momentum to increase the chances of forming strong bullish attack, expecting to target 0.8855 level followed by extending trades towards the moving average 55 at 0.8940.
The expected trading range for today is between 0.8740 and 0.8855
The expected trend for today: Bullish
Nikkei index continues to rise – Analysis – 12-2-2021
Nikkei index continued to provide bullish trades, confirming its surrender to the domination of the bullish bias and notice recording 29668.00 level, while we will keep our bullish overview until touching the main target at 30130.00 that represents 161.8% Fibonacci level followed by monitoring its behavior to manage to detect the next main trend.
We remind you that is important to hold above the additional support 29000.00 to support the attempt to reach the suggested targets, also, stochastic continuous fluctuation within the overbought areas will provide the price with the required positive momentum for this period.
The expected trading range for today is between 29000.00 and 30130.00
The expected trend for today: Bullish